Mar 19, 2008
Online Banking
Question: As much as anything is "safe" these days, is it safe to open online savings/CD accounts with such companies as "ING Direct"? Sarah,…
Question: As much as anything is “safe” these days, is it safe to open online savings/CD accounts with such companies as “ING Direct”? Sarah, Lakeville, CT
Answer: Yes. For safety and soundness, the key is to make sure that any online bank is backed by the FDIC, and ING is insured by the FDIC.